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          <maturityDt>2035-07-15</maturityDt>
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          <isin value="US45506DF915"/>
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        <name>CHESTER CNTY PA INDL DEV AUTH</name>
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          <isin value="US165588DK79"/>
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        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
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        <name>BUFFALO &amp; ERIE CNTY NY INDL LA</name>
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        <name>PUBLIC FIN AUTH WI EDUCTNL FAC</name>
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        <name>TEMPE AZ INDL DEV AUTH REVENUE</name>
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        <name>SOUTH CAROLINA ST JOBS-ECON DE</name>
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        <name>PUERTO RICO SALES TAX FING COR</name>
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          <maturityDt>2049-09-01</maturityDt>
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      <invstOrSec>
        <name>FLINT INTERNATIONAL ACADEMY MI</name>
        <lei>N/A</lei>
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          <isin value="US339526AN59"/>
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        <valUSD>2990070.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>PARTERRE MET DIST #5 CO</name>
        <lei>N/A</lei>
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          <isin value="US70211AAC99"/>
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        <valUSD>2037200.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VAIL HOME PARTNERS CORP CO HSG</name>
        <lei>N/A</lei>
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          <isin value="US91879VAC28"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-10-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>INDIANA ST FIN AUTH REVENUE</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
        <cusip>45506DF83</cusip>
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          <isin value="US45506DF832"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>744396KH4</cusip>
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          <isin value="US744396KH46"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-07-01</maturityDt>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
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        <title>Public Finance Authority</title>
        <cusip>744396HR6</cusip>
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          <isin value="US744396HR64"/>
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          <maturityDt>2037-06-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP V</name>
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          <isin value="US88880NAX75"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL ED FACS FIN</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp</title>
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          <isin value="US64542UHC18"/>
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        <valUSD>907960.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LARKRIDGE CO MET DIST #2</name>
        <lei>549300WGG345EZVXJV26</lei>
        <title>Larkridge Metropolitan District No 2</title>
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          <isin value="US51724SAA42"/>
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        <valUSD>3744320.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PUBLIC FIN AUTH WI EDUCTNL FAC</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isin value="US74443DAS09"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-01</maturityDt>
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        <name>HOOVER AL INDL DEV BRD ENVNMNT</name>
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          <isin value="US439241AA80"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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        <name>PUERTO RICO SALES TAX FING COR</name>
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        <name>CHESTER CNTY PA INDL DEV AUTH</name>
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        <title>Chester County Industrial Development Authority</title>
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          <isin value="US165588FV17"/>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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        <name>NEW YORK CITY NY HSG DEV CORP</name>
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        <name>PINERY CO COML MET DIST #2 SPL</name>
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        <invCountry>US</invCountry>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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        <title>Arlington Higher Education Finance Corp</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-03-01</maturityDt>
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          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>MOBILE CNTY AL INDL DEV AUTH S</name>
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          <isin value="US60733UAB70"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK CNTYS NY TOBACCO TRUS</name>
        <lei>N/A</lei>
        <title>New York Counties Tobacco Trust V</title>
        <cusip>649441AD4</cusip>
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          <isin value="US649441AD48"/>
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        <valUSD>2867928.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>FLORIDA ST DEV FIN CORP</name>
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          <isin value="US340618DU88"/>
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        <curCd>USD</curCd>
        <valUSD>4539750.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CALIFORNIA ST MUNI FIN AUTH ED</name>
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        <title>California Municipal Finance Authority</title>
        <cusip>130497AX8</cusip>
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          <isin value="US130497AX89"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1660432.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>744396FE7</cusip>
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          <isin value="US744396FE79"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>372937.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CHICAGO IL BRD OF EDU</name>
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          <isin value="US167505RD03"/>
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        <curCd>USD</curCd>
        <valUSD>8101200.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-12-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK CNTYS NY TOBACCO TRUS</name>
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        <title>New York Counties Tobacco Trust VI</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WESTCHESTER CNTY NY LOCAL DEV</name>
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        <title>Westchester County Local Development Corp</title>
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          <isin value="US95737TEV44"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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        <title>California School Finance Authority</title>
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          <isin value="US13058TRX09"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>964530.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <name>BELLEVIEW VLG MET DIST CO</name>
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          <isin value="US07882PAA03"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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        <name>ROCHESTER MN</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>SAINT PAUL MN HSG &amp; REDEV AUTH</name>
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        <name>PUBLIC FIN AUTH WI EDUCTNL FAC</name>
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        <name>BETHEL MN CHRT SCH LEASE REVEN</name>
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          <maturityDt>2043-11-01</maturityDt>
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        <name>TERRE HAUTE IN MF HSG REVENUE</name>
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        <name>DIST OF COLUMBIA TOBACCO SETTL</name>
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          <isin value="US57585BCW63"/>
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        <name>OLDE TOWNE CO MET DIST</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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          <isin value="US57585BCX47"/>
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        <name>NEW YORK CNTYS NY TOBACCO TRUS</name>
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        <name>BUCKEYE OH TOBACCO SETTLEMENT</name>
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      <invstOrSec>
        <name>GREATER TEXAS CULTURAL EDU FAC</name>
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        <name>LAKE CNTY FL EDUCTNL FACS REVE</name>
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        <name>DOMINION WTR &amp; SANTN DIST CO R</name>
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        <name>LAFAYETTE IN MF HSG REVENUE</name>
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          <maturityDt>2037-01-01</maturityDt>
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        <name>DIST OF COLUMBIA TOBACCO SETTL</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>TOBACCO SETTLEMENT FING CORP V</name>
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          <isin value="US88880NAU37"/>
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        <name>NORTH CAROLINA ST MED CARE COM</name>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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        <name>PRAIRIE CENTER CO MET DIST #3</name>
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        <name>STAMFORD CT HSG AUTH</name>
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        <name>DIST OF COLUMBIA REVENUE</name>
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        <name>PHILADELPHIA PA AUTH FOR INDL</name>
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        <name>NEW JERSEY ST ECON DEV AUTH DO</name>
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        <name>NASSAU CNTY NY TOBACCO SETTLEM</name>
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      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>KANSAS ST DEV FIN AUTH REVENUE</name>
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          <isin value="US48542RCB87"/>
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      <invstOrSec>
        <name>SUFFOLK REGL OFF-TRACK BETTING</name>
        <lei>N/A</lei>
        <title>Suffolk Regional Off-Track Betting Corp</title>
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          <isin value="US86480TAC80"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>LAFAYETTE IN MF HSG REVENUE</name>
        <lei>N/A</lei>
        <title>City of Lafayette IN</title>
        <cusip>506309AA1</cusip>
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          <isin value="US506309AA10"/>
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        <curCd>USD</curCd>
        <valUSD>896985.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP V</name>
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          <isin value="US88880NAT63"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
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      <invstOrSec>
        <name>ONONDAGA NY CIVIC DEV CORP</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-01</maturityDt>
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        <name>PUERTO RICO CMWLTH</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
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          <annualizedRt>0.01000000</annualizedRt>
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        <name>STAMFORD CT HSG AUTH</name>
        <lei>N/A</lei>
        <title>Stamford Housing Authority</title>
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          <isin value="US852640AJ09"/>
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        <invCountry>US</invCountry>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
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        <name>PHOENIX AZ INDL DEV AUTH MF HS</name>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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          <isin value="US13058TUM07"/>
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        <name>FLORIDA ST DEV FIN CORP SENIOR</name>
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        <name>MICHIGAN ST STRATEGIC FUND LTD</name>
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          <isin value="US594714AE78"/>
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          <maturityDt>2040-03-01</maturityDt>
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        <name>CAPITAL PROJS FIN AUTH FL EDUC</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <title>Massachusetts Development Finance Agency</title>
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        <name>INDIANA ST HSG &amp; CMNTY DEV AUT</name>
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        <title>Indiana Housing &amp; Community Development Authority</title>
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        <name>CALIFORNIA CNTY CA TOBACCO SEC</name>
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          <isin value="US13016NAE40"/>
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          <maturityDt>2043-06-01</maturityDt>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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        <name>CALIFORNIA ST SCH FIN AUTH EDU</name>
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        <name>GOLDEN ST TOBACCO SECURITIZATI</name>
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          <isin value="US13048VVF20"/>
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        <name>GREEN VALLEY RANCH EAST MET DI</name>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
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          <isin value="US74442PTK11"/>
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      <invstOrSec>
        <name>NEW YORK CNTYS NY TOBACCO TRUS</name>
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          <maturityDt>2042-06-01</maturityDt>
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        <name>VALPARAISO IN EXEMPT FACS REVE</name>
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        <name>RIVERPARK MET DIST CO LIMITED</name>
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        <name>CHESTER CNTY PA INDL DEV AUTH</name>
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        <name>MIDACORMONTPUBLICINFRASTRUC</name>
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      <invstOrSec>
        <name>MISHAWAKA IN MF HSG REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US604786AA15"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13080SBY90"/>
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        <curCd>USD</curCd>
        <valUSD>4036327.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINERAL BUSINESS IMP DIST CO L</name>
        <lei>N/A</lei>
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        <cusip>60284AAA6</cusip>
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          <isin value="US60284AAA60"/>
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          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>S WSTRN IL DEV AUTH SPL FAC RE</name>
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        <title>Southwestern Illinois Development Authority</title>
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          <isin value="US84552MBQ96"/>
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        <curCd>USD</curCd>
        <valUSD>1129778.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAPITAL TRUST AUTH FL EDUCTNL</name>
        <lei>N/A</lei>
        <title>Capital Trust Authority</title>
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          <isin value="US14054WBX20"/>
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        <balance>1850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1720777.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MATTESON IL TAX INCR REVENUE</name>
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        <cusip>577117AQ7</cusip>
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          <isin value="US577117AQ72"/>
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        <curCd>USD</curCd>
        <valUSD>1243387.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DAVID ELLIS ACADEMY WEST MI</name>
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        <title>David Ellis Academy-West</title>
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          <isin value="US238560AA48"/>
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        <balance>8340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7290661.20000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FORT WAYNE IN MF HSG REVENUE</name>
        <lei>N/A</lei>
        <title>City of Fort Wayne IN</title>
        <cusip>34926RAB6</cusip>
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          <isin value="US34926RAB69"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500395.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VALPARAISO IN EXEMPT FACS REVE</name>
        <lei>N/A</lei>
        <title>City of Valparaiso IN</title>
        <cusip>92028RAE5</cusip>
        <identifiers>
          <isin value="US92028RAE53"/>
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        <curCd>USD</curCd>
        <valUSD>1655727.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PUERTO RICO CMWLTH</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico</title>
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          <isin value="US74514L4D67"/>
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        <valUSD>3227000.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INLAND EMPIRE CA TOBACCO SECUR</name>
        <lei>N/A</lei>
        <title>Inland Empire Tobacco Securitization Corp</title>
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          <isin value="US45734TAD63"/>
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        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>LOUISIANA PUB FACS AUTH REVENU</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority</title>
        <cusip>546399SZ0</cusip>
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          <isin value="US546399SZ00"/>
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        <balance>6340000.00000000</balance>
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          <maturityDt>2064-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CALIFORNIA MUN FIN AUTH STUDEN</name>
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          <isin value="US13051EAK64"/>
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        <name>WILLOW BEND MET DIST CO</name>
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          <isin value="US97111VAC72"/>
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        <name>MIDA MOUNTAIN VLG PUBLIC INFRA</name>
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        <name>MILTON DE SPL OBLIG</name>
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          <maturityDt>2044-09-01</maturityDt>
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      <invstOrSec>
        <name>ALBANY NY CAPITAL RESOURCE COR</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2064-06-01</maturityDt>
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        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST FIN AUTH REVENUE</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>59447TXJ7</cusip>
        <identifiers>
          <isin value="US59447TXJ77"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3508250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK CNTYS NY TOBACCO TRUS</name>
        <lei>N/A</lei>
        <title>New York Counties Tobacco Trust VI</title>
        <cusip>64945JAE2</cusip>
        <identifiers>
          <isin value="US64945JAE29"/>
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        <balance>7440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6508884.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLENTOWN PA NEIGHBORHOOD IMPT</name>
        <lei>N/A</lei>
        <title>Allentown Neighborhood Improvement Zone Development Authority</title>
        <cusip>018444CE7</cusip>
        <identifiers>
          <isin value="US018444CE73"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>956050.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TEMPE AZ INDL DEV AUTH REVENUE</name>
        <lei>N/A</lei>
        <title>Tempe Industrial Development Authority</title>
        <cusip>87972MAX0</cusip>
        <identifiers>
          <isin value="US87972MAX02"/>
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        <balance>1110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>749227.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAPITAL TRUST AUTH FL CHRTR SC</name>
        <lei>N/A</lei>
        <title>Capital Trust Authority</title>
        <cusip>14054YAD3</cusip>
        <identifiers>
          <isin value="US14054YAD31"/>
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        <balance>2990000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2621931.00000000</valUSD>
        <pctVal>0.260054957231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp</title>
        <cusip>187145UQ8</cusip>
        <identifiers>
          <isin value="US187145UQ80"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>545439.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRIDGEVILLE DE SPL OBLIG</name>
        <lei>N/A</lei>
        <title>Town of Bridgeville DE</title>
        <cusip>108588AP9</cusip>
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          <isin value="US108588AP93"/>
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        <balance>1535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1553834.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
        <lei>549300BJRX2FHSSZP042</lei>
        <title>Colorado Educational &amp; Cultural Facilities Authority</title>
        <cusip>19645URH9</cusip>
        <identifiers>
          <isin value="US19645URH94"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>992690.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FLORIDA ST DEV FIN CORP</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp</title>
        <cusip>340618DK0</cusip>
        <identifiers>
          <isin value="US340618DK07"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3106530.00000000</valUSD>
        <pctVal>0.308119674502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>12.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp</title>
        <cusip>041806XD7</cusip>
        <identifiers>
          <isin value="US041806XD73"/>
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        <balance>16545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15706168.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MONTGOMERY CNTY PA INDL DEV AU</name>
        <lei>N/A</lei>
        <title>Montgomery County Industrial Development Authority/PA</title>
        <cusip>613609N44</cusip>
        <identifiers>
          <isin value="US613609N445"/>
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        <balance>1850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1746363.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BUCKEYE OH TOBACCO SETTLEMENT</name>
        <lei>N/A</lei>
        <title>Buckeye Tobacco Settlement Financing Authority</title>
        <cusip>118217CZ9</cusip>
        <identifiers>
          <isin value="US118217CZ97"/>
          <other otherDesc="SEDOL" value="BLP4RX5"/>
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        <balance>27900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24177582.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK CNTYS NY TOBACCO TRUS</name>
        <lei>N/A</lei>
        <title>New York Counties Tobacco Trust IV</title>
        <cusip>62947YAE1</cusip>
        <identifiers>
          <isin value="US62947YAE14"/>
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        <balance>21120000.00000000</balance>
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        <valUSD>19462924.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PHILADELPHIA PA AUTH FOR INDL</name>
        <lei>549300DIY68KQZEW7M79</lei>
        <title>Philadelphia Authority for Industrial Development</title>
        <cusip>71780CBR0</cusip>
        <identifiers>
          <isin value="US71780CBR07"/>
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        <balance>1020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>935737.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KANSAS ST DEV FIN AUTH REVENUE</name>
        <lei>549300WTL7BL8KBDPR87</lei>
        <title>Kansas Development Finance Authority</title>
        <cusip>48542RBZ6</cusip>
        <identifiers>
          <isin value="US48542RBZ64"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>372036.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIANA ST FIN AUTH HLTH FAC R</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
        <cusip>45471CBF4</cusip>
        <identifiers>
          <isin value="US45471CBF41"/>
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        <balance>2020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1553864.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>744396JB9</cusip>
        <identifiers>
          <isin value="US744396JB94"/>
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        <balance>1175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1185269.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHELBY CNTY TENN HEALTH EDL &amp;</name>
        <lei>N/A</lei>
        <title>Shelby County Health &amp; Educational Facilities Board</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PHILADELPHIA PA AUTH FOR INDL</name>
        <lei>549300DIY68KQZEW7M79</lei>
        <title>Philadelphia Authority for Industrial Development</title>
        <cusip>71781XFK4</cusip>
        <identifiers>
          <isin value="US71781XFK46"/>
        </identifiers>
        <balance>4370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4100021.40000000</valUSD>
        <pctVal>0.406658638165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FIN AUTH WI EDU REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442EAN0</cusip>
        <identifiers>
          <isin value="US74442EAN04"/>
        </identifiers>
        <balance>1590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1592178.30000000</valUSD>
        <pctVal>0.157919434077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp</title>
        <cusip>650116HQ2</cusip>
        <identifiers>
          <isin value="US650116HQ22"/>
        </identifiers>
        <balance>7345000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7341327.50000000</valUSD>
        <pctVal>0.728146014915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STAMFORD CT HSG AUTH</name>
        <lei>N/A</lei>
        <title>Stamford Housing Authority</title>
        <cusip>852640AL5</cusip>
        <identifiers>
          <isin value="US852640AL54"/>
        </identifiers>
        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1082862.00000000</valUSD>
        <pctVal>0.107403143369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHESTER CNTY PA INDL DEV AUTH</name>
        <lei>N/A</lei>
        <title>Chester County Industrial Development Authority</title>
        <cusip>165588DL5</cusip>
        <identifiers>
          <isin value="US165588DL52"/>
        </identifiers>
        <balance>1210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1091238.50000000</valUSD>
        <pctVal>0.108233962467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANDERSON IN MF REVENUE</name>
        <lei>N/A</lei>
        <title>City of Anderson IN</title>
        <cusip>033889AJ5</cusip>
        <identifiers>
          <isin value="US033889AJ55"/>
        </identifiers>
        <balance>8175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7425270.75000000</valUSD>
        <pctVal>0.736471885538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PHILADELPHIA PA AUTH FOR INDL</name>
        <lei>549300DIY68KQZEW7M79</lei>
        <title>Philadelphia Authority for Industrial Development</title>
        <cusip>71780CAM2</cusip>
        <identifiers>
          <isin value="US71780CAM29"/>
        </identifiers>
        <balance>8295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6849181.50000000</valUSD>
        <pctVal>0.679332752102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KANSAS CITY MO INDL DEV AUTH S</name>
        <lei>549300QWDXL46XQC8110</lei>
        <title>Kansas City Industrial Development Authority</title>
        <cusip>48503VAJ1</cusip>
        <identifiers>
          <isin value="US48503VAJ17"/>
        </identifiers>
        <balance>2300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1974665.00000000</valUSD>
        <pctVal>0.195856192295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST FIN AUTH LTD OBLIG</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>594479EQ6</cusip>
        <identifiers>
          <isin value="US594479EQ67"/>
        </identifiers>
        <balance>5720000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5850301.60000000</valUSD>
        <pctVal>0.580259332674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-07-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Victory Portfolios IV</ncom:nameOfApplicant>
      <ncom:signature>Carol Trevino</ncom:signature>
      <ncom:signerName>Carol Trevino</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
